💻 ASML Rises as AI Arms Race Boosts Demand for Cutting-Edge Tools
🔹 $ASML (ASML Holding NV) shares climbed after the company said the AI boom continues to drive strong demand for its advanced chip-making machines.
🔹 The company reported €5.4 billion in Q3 bookings, noting that sales will lean toward its most advanced systems, though business in China will be “significantly lower.”
🔹 $ASML.NV reaffirmed its 2030 revenue target of up to €60 billion, nearly double last year’s €28.3 billion, as it looks to ride long-term AI-driven growth.
🌐 Read more: www.bloomberg.com/news/articles/2025-10-15/asml-orders-beat-expectations-as-ai-arms-race-boosts-demand
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